Iran begins oil production from joint field
Business Week

Iran is set to begin production on an oil field shared with Oman in the Persian Gulf's Straits of Hormuz.

State television on Tuesday quoted Mahmoud Zirakchian, head of Iran's offshore oil company, as saying production officially begins on the Hengam oil field Tuesday.

Preparatory work on the joint field began in May and it is now producing some 7,000 barrels of crude per day, he added.

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